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Aug 23, 2013
08/13
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it was also very deep technology. i actually think the press sometime focuses too much on the design part which is important. underneath that -- >> that's why i -- do that i said design and engineering. >> behind app sell very deep technology. these are very sophisticated. very good at building sophisticated technology, hardware and software including chips. >> i never have known the question, i asked this yesterday, why is it that steve, you were into all these technologies at the same time steve was or earlier, tablet, touch, come on, he was. >> yeah, the difference bill stepped down from microsoft right in the same era when steve stepped back up at apple. this is my point. like it's very hard, the problem with history, you can't run the experiment over again in the alternate scenario, where bill gates stayed at microsoft and has been there for the last 12 years. we don't know how much things would have been different. could have been better, worse, we'll never do. we do know with apple, it was not the same without
it was also very deep technology. i actually think the press sometime focuses too much on the design part which is important. underneath that -- >> that's why i -- do that i said design and engineering. >> behind app sell very deep technology. these are very sophisticated. very good at building sophisticated technology, hardware and software including chips. >> i never have known the question, i asked this yesterday, why is it that steve, you were into all these technologies...
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Aug 23, 2013
08/13
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i think it's the core idea that we have, the core theory is the fundamental output of the technology company is innovation. and that's very different than a lot of businesses. the fundamental output of a car company is cars or of a bank is loans. the fundamental output of a tech company is innovation. so the value of what you have actually built so far and are shipping today is a small percentage of the value of what you are going to ship in the future. if you are good at innovation. and so the challenge tech companies have is they can never rest on their laurels with today's product. they always have to think in terms of the next five years of what comes next. and if they're good at
i think it's the core idea that we have, the core theory is the fundamental output of the technology company is innovation. and that's very different than a lot of businesses. the fundamental output of a car company is cars or of a bank is loans. the fundamental output of a tech company is innovation. so the value of what you have actually built so far and are shipping today is a small percentage of the value of what you are going to ship in the future. if you are good at innovation. and so the...
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Aug 23, 2013
08/13
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WBFF
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it was also very deep technology. i actually think the press sometime focuses too much on the design part which is important. underneath that -- >> that's why i -- do that i said design and engineering. >> behind app sell very deep technology. these are very sophisticated. very good at building sophisticated technology, hardware and software including chips. >> i never have known the question, i asked this yesterday, why is it that steve, you were into all these technologies at the same time steve was or earlier, tablet, touch, come on, he was. >> yeah, the difference bill stepped down from microsoft right in the same era when steve stepped back up at apple. this is my point. like it's very hard, the problem with history, you can't run the experiment over again in the alternate scenario, where bill gates stayed at microsoft and has been there for the last 12 years. we don't know how much things would have been different. could have been better, worse, we'll never do. we do know with apple, it was not the same without
it was also very deep technology. i actually think the press sometime focuses too much on the design part which is important. underneath that -- >> that's why i -- do that i said design and engineering. >> behind app sell very deep technology. these are very sophisticated. very good at building sophisticated technology, hardware and software including chips. >> i never have known the question, i asked this yesterday, why is it that steve, you were into all these technologies...
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Aug 23, 2013
08/13
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by giving this technology to kids, we're accomplishing a number of things. one, we're creating a level playing field. >> all of the silicon valley firms including facebook, are looking fiortalent, and we want to homegrown that talent, not import it from other countries. so this is a great message. >> reporter: a message of thanks for an investment in the future of silicon valley. now those 8th graders not totally ready to go just yet. east palo alto has wi-fi already, but many don't have it in their homes. that is the next challenge. >>> thanks a lot. a bit of a skipped record for pandora. they reported a rise in revenue but sawity stock price drop. more people are streaming pandora on their mobile devices, but they face new competition from apple. >>> let's turn things over to our meteorologist jeff ranieri who's not only tracking our conditions but the conditions in yosemi yosemite. >> today i have comfortable across most of the bay area. 83 in santa teresa. by all standards here, a very nice day for us, with any threat of thunderstorm activity that we've
by giving this technology to kids, we're accomplishing a number of things. one, we're creating a level playing field. >> all of the silicon valley firms including facebook, are looking fiortalent, and we want to homegrown that talent, not import it from other countries. so this is a great message. >> reporter: a message of thanks for an investment in the future of silicon valley. now those 8th graders not totally ready to go just yet. east palo alto has wi-fi already, but many don't...
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Aug 23, 2013
08/13
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FBC
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he understands cool technology. he obviously has engineering background. any chance you could see his name over there. >> there are any number of names, adam. there have been a lot bandied b the stock price is not so much indictment of ballmer as it is validation and goodwill and value of that franchise, brand name, the enterprise value. if they figure out how to cobble important parts on to the enterprise value, for example, whether it is social media or some sort of entertainment platform that can relate to the enterprise they have got a real go ahead mine there. the question is who is best to exploit it? there are a lots of good names. bill gates will have his hand who the final one is chosen. liz: we had in the last hour these names thrown out, tony bates of skype, mark hurd of oracle and, from google. all those names might be considered. >> absolutely. liz: mark sebastian, we look forward traditionally one of the slowest weeks, what do you think happens? we know volume will be slow but that just means swings can be a bit more dramatic. >> yeah. i thin
he understands cool technology. he obviously has engineering background. any chance you could see his name over there. >> there are any number of names, adam. there have been a lot bandied b the stock price is not so much indictment of ballmer as it is validation and goodwill and value of that franchise, brand name, the enterprise value. if they figure out how to cobble important parts on to the enterprise value, for example, whether it is social media or some sort of entertainment...
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Aug 23, 2013
08/13
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so we will invest in different ways in the area of technology. and at the same time, we're going to continue to invest in stores. we think the overlap -- having 11,000 retail stores around the world and the world's best technology -- we think produces the world's best way to serve consumers in every market, so we're going to continue to invest in both in order to serve customers with this overlap of technology and stores. >> you know, it's interesting that you mentioned -- first of all, will you take people from amazon.com? what about the talent there? >> well, we have great respect for all competitors, including amazon and other competitors. and frankly, a lot of -- we are really having an amazingly good time of recruiting talent to come to walmart. i think, you know, it's interesting, we are a company with a purpose. and the mission, the things that we work on, to help people live a better life, the big initiatives about sustainability and about veterans and other things that walmart is involved in. i find this is the best time in my history wi
so we will invest in different ways in the area of technology. and at the same time, we're going to continue to invest in stores. we think the overlap -- having 11,000 retail stores around the world and the world's best technology -- we think produces the world's best way to serve consumers in every market, so we're going to continue to invest in both in order to serve customers with this overlap of technology and stores. >> you know, it's interesting that you mentioned -- first of all,...
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Aug 23, 2013
08/13
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FBC
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how much of it is his fault and how much in the technology moving past, incumbent -- charles: the technology shouldn't move past with deep pockets and great talent is 90% is his fault and that is why the stock went up 8% when the news, the most incredible sigh of relief on a gigantic stock, this is a big name, takes a lot to move microsoft 8%. and it will fade with the realization. cheryl: retiring now, that tells me there's a lot going on behind the scenes. charles: this is something, i got to tell you stuart varney owns stock. cheryl: is he ok? i haven't talked to him. charles: anytime microsoft is up steward is okay but we had this conversation because microsoft is one of the best performers until the most recent earnings report and i always felt most of that was speculation. dennis: assigned to sell. charles: i am surprised when people are surprised. i don't think it is time to buy. i don't see urgency in the private stock. the good news is deep pockets. i say they need to spend the money not on buybacks or dividends but dotted by yourself some great talent and make the company exciting
how much of it is his fault and how much in the technology moving past, incumbent -- charles: the technology shouldn't move past with deep pockets and great talent is 90% is his fault and that is why the stock went up 8% when the news, the most incredible sigh of relief on a gigantic stock, this is a big name, takes a lot to move microsoft 8%. and it will fade with the realization. cheryl: retiring now, that tells me there's a lot going on behind the scenes. charles: this is something, i got to...
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Aug 23, 2013
08/13
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we have technological means to protect people. >> smith: assange says he designed wikileaks so that he wouldn't even know who his sources were. >> that sort of dedication to protecting sources is something that our sources have seen. we do not know whether mr. manning is our source or not. and, of course, if we did know, we are obligated ethically to not reveal it. >> smith: but how do you prevent me from writing you and telling you in a chat that i have a video of a massacre, and i want you to tell me how to get it to you? >> our help desk has a completely anonymous chat. it's anonymous to us. the user names are anonymous, and so on. >> smith: in february 2010, manning was back in iraq. and within a month or two, he allegedly loaded special data mining software onto his classified workstation and started downloading more documents, including a quarter- million confidential state department cables. >> confidential information like, what did secretary of defense gates say to his counterpart in paris? what did the ambassador in paris say to secretary gates? but it's confidential. bradley
we have technological means to protect people. >> smith: assange says he designed wikileaks so that he wouldn't even know who his sources were. >> that sort of dedication to protecting sources is something that our sources have seen. we do not know whether mr. manning is our source or not. and, of course, if we did know, we are obligated ethically to not reveal it. >> smith: but how do you prevent me from writing you and telling you in a chat that i have a video of a massacre,...
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Aug 23, 2013
08/13
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but the world has gotten very used to technological issues. this is clearly a technological issue. but if we're to look at risk across government agencies, businesses, this is something that we're going to have to live with. this is not going away. systems will fail. we will have to figure out what is going on quickly. we'll have to fix them. but systems will fail. security information will be breached. it is just the weight of the technological world. the market seems to understand that pretty well. >> the issue wasn't that you couldn't trade. you couldn't get pricing done, correct? >> correct. >> trade without pricing. >> i realize, i think so. hold on, there are dark pools, other places, right? law requires that when you execute a trade, it has to be executed at the best possible price this is required by law. you don't have the feed, you can't comply with the law, right? is that the basic issue here? >> yes. >> you could have traded just -- how wide? >> in some cases it was no bid at $200. >> this had been a case where if you were confident about the pricing, you get on a dark
but the world has gotten very used to technological issues. this is clearly a technological issue. but if we're to look at risk across government agencies, businesses, this is something that we're going to have to live with. this is not going away. systems will fail. we will have to figure out what is going on quickly. we'll have to fix them. but systems will fail. security information will be breached. it is just the weight of the technological world. the market seems to understand that pretty...
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Aug 23, 2013
08/13
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i think we understand technology more. i don't believe that going away from electronic trading works because i believe it actually creates much more transparency and much more of an audit trail than human trading. and these are, in fact, human errors rather than technology errors. >> that's true. that's right. we do commit errors too. thank you for that. >>> the nasdaq flash freeze is the latest in a string of market snafus, trading glitches and flash crashes in recent years. the flash crash in 2010, the botched bats ipo and facebook ipo, the fake ap tweet and goldman sachs erroneous trades earlier this week have all raised questions about whether market participants are comfortable with the risk computer glitches can pose to markets. we want to know from you, do you actually trust the system? if you want to join the conversation on "worldwide exchange," get in touch with us by e-mail at worldwide@cnbc.com, via twitter, @cnbcwex, or direct to me, @carolincnbc. >>> and still to come on the show, china was among the biggest
i think we understand technology more. i don't believe that going away from electronic trading works because i believe it actually creates much more transparency and much more of an audit trail than human trading. and these are, in fact, human errors rather than technology errors. >> that's true. that's right. we do commit errors too. thank you for that. >>> the nasdaq flash freeze is the latest in a string of market snafus, trading glitches and flash crashes in recent years. the...
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Aug 23, 2013
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i use technology all day long to do what i do. i connect to my customers, i access the marketplace. >> why do we need 90 venues to trade this stuff? >> i have a better idea, and it came from myron shoals, who is one of the fathers of options trading. apparently, i had not heard of him but he was in "the financial times" today. he made the point, and this is a free market solution, simply say you cannot cancel trades. goldmans or the nyse, if you make a mistake, you will have to pay the price for that. i think you'd probably find you suddenly had much more robust systems in there. >> in fact, that might be very true because i do agree at some point you've got -- if you never end up paying the price, then you never end up fixing the problem. so if you keep canceling those trades, it lets you off the hook. that might be one part of the solution. although the other part of the solution i think is to go back and look at the current market structure we have today because i think, and a lot of people will agree, current market structure
i use technology all day long to do what i do. i connect to my customers, i access the marketplace. >> why do we need 90 venues to trade this stuff? >> i have a better idea, and it came from myron shoals, who is one of the fathers of options trading. apparently, i had not heard of him but he was in "the financial times" today. he made the point, and this is a free market solution, simply say you cannot cancel trades. goldmans or the nyse, if you make a mistake, you will...
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. >> this technology is amazing because it can attack bad cells hawithout injurying your good cells. >> a brand-new cure for cancer. >> that won't make you sick. >> this is fascinating. >> could this become the new normal for cancer patients? >> and it's called "sizzurp" . >> it's a combination of candy and codeine, cough medicine. >> i used to write prescriptions for this all the time. >> wrap -- rappers sing about it, are your kids drinking it and getting high? >> they think it's a cool drink. >> i think a couple of those musicians are now dead. >> yeah. >> will your body miss food if it's getting the nutrients it needs? >> what is in here? >> i base today off ofda's reco appropriate proportions. >> o the fthe doctors friday ne feed. ♪ doctor, doctor gimme the news ♪ n [clapping] >> welcome to the friday news feed, and have -- i have never said this on show, but "thank god it's friday"! >> of course, as we sometimes do on this show, we need to talk about the things that are salient to your health. women did you know that you have a one in three chance of getting cancer. for men
. >> this technology is amazing because it can attack bad cells hawithout injurying your good cells. >> a brand-new cure for cancer. >> that won't make you sick. >> this is fascinating. >> could this become the new normal for cancer patients? >> and it's called "sizzurp" . >> it's a combination of candy and codeine, cough medicine. >> i used to write prescriptions for this all the time. >> wrap -- rappers sing about it, are your...
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Aug 23, 2013
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we invested in new technologies. we started reversing our addiction to foreign oil. we changed a tax code that was tilted to far in favor of the wealthy at the expense of working families. and add it all up, today our businesses have created 7.3 million new jobs over the last 41 months. we now generate more renewable energy than ever before. we sell more goods made in america to the rest of the world than ever. health care costs are growing at the slowest rate in 50 years. our deficits are falling at the fastest rate in 60 years. here in buffalo, the governor and the mayor were describing over a billion dollars in investment, riverfront being changed, construction booming -- signs of progress. so thanks to the grit and the resilience of the american people, we've cleared away the rubble from the financial crisis. we've started to lay the foundation for a stronger, more durable economic growth. but as any middle-class family will tell you, as folks here in buffalo will tell you, we're not where we need to be yet. because even before the crisis hit -- and it sounds lik
we invested in new technologies. we started reversing our addiction to foreign oil. we changed a tax code that was tilted to far in favor of the wealthy at the expense of working families. and add it all up, today our businesses have created 7.3 million new jobs over the last 41 months. we now generate more renewable energy than ever before. we sell more goods made in america to the rest of the world than ever. health care costs are growing at the slowest rate in 50 years. our deficits are...
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Aug 23, 2013
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the age of technology. who can say what a microprocessor is. they were worried, only one raised the hands, he said, a microprocessor is a tiny processor. that was it. that was the extent of the knowledge. extremely superficial. you know, that is really quite troubling. what are the implications of that kind of ignorance. there was a survey you may be familiar with in the 1990s looking at the ability of 8th grade e qif lance in 22 nations to solve so-called complex math and science problems. we were one of the 22 nations, and we were number 21 of 22 barely beating out 22. it was neck-and-neck. that's very serious. in the age of technology, the information age, we produce 70,000 engineers a year in this nation, 40% of whom are foreigners. china produces 400,000 engineers a year. you know, when we talk about the role of the future, we have to make adjustments and make them make sense. we can't sit around being enamor ed as sports and entertainment -- probably shouldn't say that at the university of alabama, but, you know, i think you get it. i thi
the age of technology. who can say what a microprocessor is. they were worried, only one raised the hands, he said, a microprocessor is a tiny processor. that was it. that was the extent of the knowledge. extremely superficial. you know, that is really quite troubling. what are the implications of that kind of ignorance. there was a survey you may be familiar with in the 1990s looking at the ability of 8th grade e qif lance in 22 nations to solve so-called complex math and science problems. we...